Monday, November 11, 2013

New milestone in Payment Industry

Author: Swati Sharma

Those were old days when you have to take out your wallet and pay by cash. Plastic money has brought a revolution in payment Industry, now it is time to wave your mobile phone to make payments. NFC is establishing a new milestone in Payment Industry. Near field communication (NFC) is a set of standards for smartphones and similar devices to establish radio communication with each other by touching them together or bringing them into close proximity, usually no more than a few centimeters.